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Six Stories Planned Over 31st Street Investors Bank

investorsbank

Aug. 31, 2015 By Jackie Strawbridge

Developers are hoping to make use of airspace over the Investors Bank at 31st Street and 23rd Avenue, documents show.

Construction plans were filed with the Department of Buildings in mid-August to stack six stories on top of 23-02 31st St. This property, right next to the N/Q tracks, currently holds a one-story building occupied by Investors Bank, a furniture shop and a salon.

Plans call for 10 residences on floors three through seven, with two units on each floor.

A residential lobby would join commercial space and banking on the first floor. The second floor would hold an office.

The site is zoned for mixed-use commercial and residential; a Department of City Planning spokesperson said the proposed structure could be built as of right.

The spokesperson added that there are off-street parking requirements for this zoning district, but they vary by use. Developers have not included parking in their construction plans and have not applied for a parking waiver with DCP.

A stop work order was issued for this property by the Department of Buildings in May.

The property owner could not be reached for comment.